Breeze Pcompany discloses the following information.Por The month of august $2016$August $11$ Beg Inventor, $600$ Units at S# eacchAugust $10$ sold $400$ units at $1$a # each $.$August $11$ purchased $1600$ units at $6$ $ each.AugustIs sold $1000$ Units at $14,5$ $ each.August $20$ purchased $1000$ units at $6,$ Sturieach August$9017$ sold $600$ units at $138$ eachRequired $1$: Assume Thecompant user periodic Inventy spotem compule COGS and COEI and gross profit under a F$760$b$/$LTFO $-$Required: $2$ Assume Thecompan, Uses perpetual IS$.$ compute COBS, COEs and EP under a$)$ F$1$F$65)$ LIFO$3)$ Explain The reason of higher be under fifO Than$6$P$=$ Net sales $-$ COGS